Transformation of Business Law in the Era of Industrial Revolution 4.0: Implications for Business Models and Corporate Governance

Abstract

This study analyzes how the Industrial Revolution 4.0 has transformed business law, business models, and corporate governance. The study explores corporate adaptation to advanced technologies such as blockchain and artificial intelligence (AI), and their implications for regulation and legal compliance using a qualitative research approach. Data were collected through in-depth interviews with legal experts, regulators, and senior managers from various companies. Key findings suggest that business law needs to continue to evolve to accommodate technological innovations, while companies must integrate these technologies into their operations and governance to remain competitive and comply with increasingly complex regulations. The study also finds that the use of technologies, such as blockchain, can improve transparency and efficiency in the supply chain, while a data-driven approach to decision-making can strengthen governance and risk management. The study highlights the importance of building flexible and technology-oriented management structures to address dynamic regulatory challenges. This study makes a significant contribution to the literature on the adaptation of business law and corporate governance in the digital era.